Students of MSc in Data Science (Concentration in Business Statistics) are required to complete a minimum of 30 units of coursework (15 units from Core Courses and 15 units from Elective Courses).

Core Courses (15 units)

Students are required to take the following 5 Core Courses.

DSBS7030
Python for Data Science
3Units

Course Aims: The aim of this course is to enable students to apply basic statistical inference methods for tackling real-world business questions and equip them with basic knowledge of the Python programming package.

DSBS7040
Simulation Modelling
3Units

Course Aims: The aim of the course is to give students hands-on experience in using industry-standard simulation modelling software in order to structure and solve complex and large-scale managerial decision problems

DSBS7250
Applied Multivariate Analysis
3Units

Course Aims: This course introduces classical multivariate analysis and techniques which are useful for analyzing both designed experiments and observational studies

DSBS7260
Applied Time Series
3Units

Course Aims: This course introduces sophisticated statistical techniques and models for analyzing time series data

DSBS7290
Regression Analysis
3Units

Course Aims: This course introduces students the basic concepts of regression analysis.  The course contents will cover the linear regression models about continuous data and generalized linear regression models about categorical data.  The major aim is to equip students the fundamental knowledge to apply the regression models in real data analysis

Elective Courses (15 units)

Students are required to complete at least 5 Elective Courses from the following list

DSBS7010
Prescriptive Analytics for Decision Making
3Units

The aim of this course is to introduce students to optimization modelling and solution techniques, typical applications areas within strategic/operation business planning, and the use of commercial optimization software

DSBS7020
Techniques of Production Operations Management
3Units

This course introduces students systematically to the range of activities involved in Production and Operations Management, mainly adopting quantitative approaches and the main quantitative and other analytical approaches used in Productions and Operations Management (and related areas).

DSBS7070
Machine Learning and Forecasting
3Units

In this course, students will learn about the fundamentals of machine learning and forecasting techniques and gain hands-on experience with analysing and solving a variety of problems encountered in business and management

DSBS7080
Advanced Spreadsheets and Decision Support Systems
3Units

The course will cover the use of spreadsheets to structure, analyze, and solve complex managerial problems. Students will be introduced to both basic and advanced features of Microsoft Excel, which are highly sought-after skills in the job market

DSBS7090
Managing Organizational Performance
3Units

The course will cover performance management, soft systems methodologies, and data envelope analysis (DEA) models

DSBS7110
Quantitative Models for Marketing
3Units

To introduce the foundation concepts of market response models, and discuss techniques and findings spawned by the marketing information revolution. To study a framework for considering the various bases and methods available for conducting segmentation studies, and discuss the methodology for market segmentation from traditional techniques to more recent developments in finite mixtures and latent class models

DSBS7120
Big Data Analytics and Visualisation
3Units

This course aims to introduce students to the power of big data analytics and data visualisation techniques in contributing to business value creation. The module will also enable students to solve a variety of complex data centred business problems using computer software tools like R and Gephi

DSBS7130
Survey Sampling and Experimental Design
3Units

This course introduces the overall planning of the survey operation and design and selection of samples and the design of questionnaires; the various survey sampling methods and the corresponding data analysis, especially the estimation methods of population mean and proportion. This course also introduces various kinds of experimental designs involving factorial and uniform designs as well as design for computer experiments

DSBS7140
Actuarial Statistics
3Units

This course introduces the mathematics of risk and insurance, life contingencies as applied to models including expenses, non-forfeiture benefits, dividends, and valuation theory for pension plans

DSBS7160
Network and Project Management
3Units

This course introduces the fundamental idea, techniques and algorithms for network, transportation, and assignment models, as well as project management

DSBS7200
Derivatives
3Units

This course introduces computational methods for problems of finance, including mainly the computation of market indicators and option price

DSBS7210
Work-based Learning *
3Units

The work-based learning course to give an opportunity for students to apply the skills and knowledge from the M.SC. programme to local companies/industries

DSBS7220
Risk and Portfolio Management
3Units

This course introduces the fundamental concepts of financial derivatives and portfolio risk measurement and management. Students will learn why both firms and individual investors should learn how to measure and manage risk. To highlight the practical relevance of the course materials we shall discuss a number of real-word case studies throughout the course.

DSBS7280
Advanced Operational Research
3Units

This course introduces advanced theory and algorithms for linear programming, dynamic programming and nonlinear programming. Numerous examples will be adopted to demonstrate the use of various algorithms and techniques involved. The emphasis is not only on mastering these algorithms and techniques but also on the applications of them on various practical problems

DSBS7300
Data Analytics and Programming
3Units

This course introduces students the basic concepts of data analytics and equip the skill to build the model to solve the problem theoretically and practically

DSBS7231
Dissertation I **
3Units

This course guides students in the development of research methodology appropriate to the practice of Operational Research and Business Statistics, and gives students the opportunity to work on problems of Operational Research and Business Statistics that have real-world significance.

DSBS7232
Dissertation II **
3Units

This course guides students in the development of research methodology appropriate to the practice of Operational Research and Business Statistics, and gives students the opportunity to work on problems of Operational Research and Business Statistics that have real-world significance

*The three-unit course DSBS7210 Work-based Learning will not be used towards the calculation of the semester and cumulative GPA and it is for full-time students only.


**The independent M.Sc. Dissertation is an optional part of the course.

Programme Duration

Full-time (one year)

Part-time (two years)

Tuition Fees

RMB 170,000

Study Schedule

Full-time Study (1 year):

The first semester: 3 Core Courses + 2 Elective Courses = 15 units

The second semester: 2 Core Courses + 3 Elective Courses = 15 units


Part-time Study (2 years):

The first year:

The first semester: 2 Core Courses + 1 Elective Courses = 9 units

The second semester: 2 Core Courses + 1 Elective Courses = 9 units

The second year:

The third semester: 1 Core Courses + 1 Elective Courses = 6 units

The fourth semester: 2 Elective Courses = 6 units